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Universal Music Group NV (XAMS:UMG) Total Current Liabilities : €6,267 Mil (As of Dec. 2023)


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What is Universal Music Group NV Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Universal Music Group NV's total current liabilities for the quarter that ended in Dec. 2023 was €6,267

Universal Music Group NV Total Current Liabilities Historical Data

The historical data trend for Universal Music Group NV's Total Current Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Universal Music Group NV Total Current Liabilities Chart

Universal Music Group NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial 4,133.00 5,008.00 5,392.00 6,520.00 6,267.00

Universal Music Group NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,392.00 6,046.00 6,520.00 6,216.00 6,267.00

Universal Music Group NV Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Universal Music Group NV's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4984+364
+Other Current Liabilities+Current Deferred Liabilities
=919+0
=6,267

Universal Music Group NV's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=4984+364
+Other Current Liabilities+Current Deferred Liabilities
=919+0
=6,267

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Universal Music Group NV Total Current Liabilities Related Terms

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Universal Music Group NV (XAMS:UMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Total Current Liabilities
Comparable Companies
XAMS:FLE XAMS:AJAX NFLX DIS WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA EDR XKRX:352820 TKO TSE:9602 MEGACPO
Traded in Other Exchanges
UNVGY:USA UMGNF:USA UMGa:UK 0VD:Germany UMG:Austria
Address
Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW
Website
https://www.universalmusic.com
Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.

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